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Canada: Employment was unchanged in April, unemployment rate steady at 5.8%

Employment was essentially unchanged in April and the unemployment rate held steady at 5.8%, Statistics Canada reported this Friday.

Key highlights:

   •  On a year-over-year basis, employment grew by 278,000 (+1.5%).
   •  In the 12 months to April, total hours worked were up 1.9%.

Brazil: Still low headline and core inflation – Rabobank

The IPCA, Brazil’s official inflation index – posted a gain of 0.22% m/m in April, shy of consensus (0.28%) and Rabobank’s forecast (0.30%) and BCB’s
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USD/JPY flirting with daily lows, around 109.25

   •  Retracing US bond yields keep exerting downward pressure on the USD.    •  Reviving safe-haven demand provides an additional boost to the JPY. 
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